Bombay High Court pulls up SEBI for non-compliance with court order in complaint against Vineet Jain firm

The Court observed that SEBI is required to act in public interest; otherwise people would lose confidence in the market regulator.

The Bombay High Court Friday censured the Securities and Exchange Board of India (SEBI) for not complying with the Court's order of October 23 concerning the proceedings initiated against Bharat Nidhi Ltd (BNL), a company owned by Times Group owner Vineet Jain [Ashok Dayabhai Shah & Ors. v. SEBI and Ors and connected matters].

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